financing your security system via leasing
In adopting a leasing approach to your security system means the issue of affordability won’t force you to compromise your choice of security solution; instead of spending money on maintaining an outdated system, newer and more advanced equipment can be installed. A lease agreement is made between you and the finance company (the owner) – not id-visual. Once you are approved for finance and an agreement is signed the installation begins. An Acceptance Certificate is signed once the work has been completed to your satisfaction. You are then committed to a set number of fixed lease payments to the owner over a specified period of time. The lease contract can be settled early if all outstanding payments are made to the owner.
As the business grows, or your needs change, equipment can be added to the original system on renegotiation of your lease. There are several options available, including 'upgrade', where the outstanding rentals are taken into a fresh lease agreement along with all the costs for the new equipment. We can discuss the best options for you at any time during the lifetime of the lease. It is also the case that 100% of your lease rental payments can be set against your business profits - thereby reducing your tax liability - whilst an outright purchase is treated as an asset, which means only a depreciating portion of its value can be written down against tax each year.
The key benefits of leasing can therefore be summarised:
- * No large capital investment required to pay for the equipment.
- * The equipment cost of installation and commissioning is included within the fixed rental payment.
* Existing credit facilities are kept intact for other purchases. - * Rental payments are 100% tax deductible, reducing your tax liability each year.
For more information on system leasing call id-visual today leasing allows businesses to install a quality security system with no large capital outlay Call today for a no obligation quotation for a free site survey, for a competitive price or for further information call one of id-visual’s support team on 0845 3700 543, email or complete the enquiry form.
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